Insurance news

• County Approves New $2.3B Stadium Project for Tampa Bay Rays

  31-08-2026 07:02 via insurancejournal.com
  
  The Tampa Bay Rays won county approval Friday on a financing plan that will allow them to build a new stadium, a day after city officials approved their part for the $2.3 billion ballpark project that will replace the domed …
  
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• AM Best Downgrades Financial Rating of Illinois’ Prime Insurance

  31-08-2026 18:47 via insurancejournal.com
  
  AM Best has downgraded the Financial Strength Rating to B (Fair) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “a-” (Excellent) of Prime Insurance Company based in Chicago, Illinois. Concurrently, AM Best has maintained the …
  
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• American Airlines to Pay $200K for Discrimination Against Worker With Blindness

  31-08-2026 18:35 via insurancejournal.com
  
  American Airlines will pay $200,000 to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’S lawsuit, American Airlines failed to provide a reasonable accommodation to an employee …
  
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• Sentry’s Dairyland to Return $30 Million to Florida Auto Insureds

  31-08-2026 17:54 via insurancejournal.com
  
  Auto insurer Dairyland announced that it will return $30 million in savings to eligible Florida private passenger automobile policyholders through a one-time dividend. The insurer is crediting legal system changes signed into law in 2023 and “improved market stability” for …
  
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• KKR Scores Windfall in $17 Billion Sale of USI Insurance

  31-08-2026 16:05 via insurancejournal.com
  
  KKR & Co. is set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aon Plc for $17 billion, a significant exit for a unit that’s invested its balance sheet in long-term private equity …
  
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• Wildfire Risks in California and Oregon Worsened by Strong Winds

  31-08-2026 15:44 via insurancejournal.com
  
  Northern California and southern Oregon are under red flag fire warnings, as the threat posed by tinderbox conditions is compounded by strong winds. National Weather Service warnings are in place from noon to 8 p.m. local time, while the U.S. …
  
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• US Expanding Long-Range Commercial Drone Testing Program

  31-08-2026 15:17 via insurancejournal.com
  
  The US government is expanding a program for testing out drones in real-world scenarios, focusing on more advanced use cases involving larger unmanned systems, higher altitudes and longer distances. The Transportation Department and Federal Aviation Administration said Aug. 27 that …
  
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• Polish Intelligence Probes Fire at Top Drone Firm WB Electronics

  31-08-2026 15:04 via insurancejournal.com
  
  Poland’s security services are investigating whether a fire at a facility belonging to the country’s largest drone producer WB Electronics SA was an act of sabotage. The fire at the facility, which produces drone components, broke out shortly after midnight, …
  
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• Poland Probing if Fire at Drone Facility Is an Act of Terror

  31-08-2026 15:04 via insurancejournal.com
  
  Poland opened an official investigation into whether a fire at a facility belonging to the country’s largest drone producer WB Electronics SA was an act of terror carried out by foreign spies. The fire at the facility, which produces drone …
  
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• Trump Loses Bid to Move NY Hush Money Case to Federal Court

  31-08-2026 14:46 via insurancejournal.com
  
  Donald Trump lost another bid to move a challenge to his New York criminal fraud conviction to a federal court as a judge said that payments to an adult film star don’t constitute an official act that would be covered …
  
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• FTC Probing YouTube Over Social Media Policies

  31-08-2026 14:44 via insurancejournal.com
  
  The US Federal Trade Commission has been investigating whether Alphabet Inc.’s YouTube violated consumer protection laws when it suspended the accounts of users, according to people familiar with the probe. The antitrust and consumer protection agency has been probing YouTube …
  
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• Brightline Lands $350 Million Assured Loan in Case of Bankruptcy

  31-08-2026 14:35 via insurancejournal.com
  
  Brightline has reached a deal with municipal-bond insurer Assured Guaranty Ltd. that would provide the debt-laden Florida railroad with at least $350 million in new loans if it heads into Chapter 11 bankruptcy, according to people familiar with the matter. …
  
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• Arbella Opens Commercial Lines Office in New Hampshire

  31-08-2026 13:30 via insurancejournal.com
  
  Quincy, Massachusetts-based Arbella Insurance Group has opened a Bedford, New Hampshire commercial lines office. The Bedford office gives Arbella its first official brick-and-mortar presence in the state, which the insurer says reflects the company’s growing New Hampshire business and its …
  
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• AI-Driven Cyber Risk Is Top Concern for Global Financial Stability, Watchdog Says

  31-08-2026 13:27 via insurancejournal.com
  
  Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial system, saying the technology could change the speed, scale and economics of an attack. …
  
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• China’s Humanoid Robots Aren’t Smart Enough to Take Your Job – Yet

  31-08-2026 12:21 via insurancejournal.com
  
  Inside a training center in southern China, more than 100 humanoid robots stand in neat rows. A dozen human trainers wearing headsets guide some of them through simple tasks – sorting crates, packaging noodles, making coffee. The humanoids are slow …
  
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• Michigan Houses are Getting Older, Creating Problems For the State

  31-08-2026 09:00 via insurancejournal.com
  
  When the typical Michigan home was built, Richard Nixon was president, US forces were withdrawing from Vietnam and “The Exorcist” would become the year’s highest-grossing film. While pop culture has changed dramatically since 1973, much of the state’s housing stock …
  
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• How a $1 Texas Insurance Fee Funded Thousands of Flock Cameras

  31-08-2026 09:00 via insurancejournal.com
  
  In 2023, the Texas Legislature unanimously passed a law raising auto insurance costs for Texans by $1 to combat rampant catalytic converter theft. Three years later, a little-known state agency has devoted at least $30 million of that fee toward …
  
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• Major Tech Companies Call for Defensive Surge to Defeat AI-Driven Hacks

  31-08-2026 07:09 via insurancejournal.com
  
  Major tech companies including OpenAI, Anthropic, Microsoft, Alphabet and Amazon are calling for a society-wide defensive surge to defeat what they describe as an impending wave of hacks driven by artificial intelligence. In a joint letter issued Thursday, the companies …
  
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• Sydney Developer in Distress Sounds Alarm for Private Credit

  31-08-2026 07:05 via insurancejournal.com
  
  The downfall of an Australian property developer that borrowed heavily from non-bank lenders is stoking fears that cracks are starting to emerge in the nation’s A$200 billion ($144 billion) private credit market. Bathla Group, a major property developer in Sydney, …
  
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• Florida Grand Jury Finds DeSantis Admin Misused $10M; Yaworsky Signed Off on it

  31-08-2026 07:03 via insurancejournal.com
  
  A Florida grand jury found that Republican Gov. Ron DeSantis’ administration “misappropriated” $10 million in taxpayer money it diverted to a charity connected to his wife, but the grand jury declined to file criminal charges due to a lack of …
  
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• Oregon Regulators Extend Wildfire Emergency Orders to Pause Insurance Cancellations

  31-08-2026 07:00 via insurancejournal.com
  
  The Oregon Division of Financial Regulation is extending its order for insurers to suspend cancellations and nonrenewals for residents impacted by wildfires. The DFR issued a wildfire emergency order and bulletin in late July that was to expire. However, DFR …
  
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• Judge to Hear Recantation of Sexual Abuse Claim Against Ex-Penn State Coach Sandusky

  31-08-2026 07:00 via insurancejournal.com
  
  A judge has granted a hearing to explore claims that a man wants to recant allegations of sexual abuse years ago by Penn State assistant football coach Jerry Sandusky. Sandusky, 82, has been serving a decades-long prison sentence since he …
  
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• Judge to Hear Recantation of Sexual Abuse Claim Against Ex-Penn State Coach

  31-08-2026 07:00 via insurancejournal.com
  
  A judge has granted a hearing to explore claims that a man wants to recant allegations of sexual abuse years ago by Penn State assistant football coach Jerry Sandusky. Sandusky, 82, has been serving a decades-long prison sentence since he …
  
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• Aon Close to Acquiring USI Insurance From KKR in $17 Billion Deal, WSJ Reports

  31-08-2026 06:05 via insurancejournal.com
  
  Aon Plc is close to an agreement to acquire insurance brokerage USI Insurance Services from private equity firm KKR for about $17 billion, including debt, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The deal …
  
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• Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market

  31-08-2026 06:05 via insurancejournal.com
  
  Aon plc early Monday confirmed a definite agreement to buy USI Insurance Services from private equity firm KKR for $17 billion. Aon said the deal bolsters its goal to target the U.S. middle market segment, building upon its 2024 acquisition …
  
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• New Illinois Law Requires Insurance for High-Speed E-Bikes

  28-08-2026 18:34 via insurancejournal.com
  
  Some Illinois e-bike riders will need to carry insurance starting in 2027 under a law signed this week by Governor JB Prtizker. The new law requires riders of e-bikes and e-motors capable of traveling over 28 mph to have a …
  
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• Ross Fire Grows Into One of Largest Wildfires on Record in North Texas

  28-08-2026 17:37 via insurancejournal.com
  
  The Ross Fire has grown into one of the largest wildfires in the Dallas-Fort Worth area’s recorded history, scorching 85,000 acres across Palo Pinto and Jack counties in just three days. The fire, which began Monday near Palo Pinto, grew …
  
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• First US Phosphate Plant in Decades Planned Amid Global Conflict

  28-08-2026 17:34 via insurancejournal.com
  
  Farm cooperative CHS Inc. and fertilizer producer OCP North America are proposing a $450 million phosphate fertilizer plant in Louisiana, bolstering domestic supplies as global conflicts have increasingly thwarted the flow of foreign crop nutrients. The proposed plant in Waggaman, …
  
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• Inszone Acquires Michigan’s Aviza Insurance Agency

  28-08-2026 17:29 via insurancejournal.com
  
  Inszone Insurance Services announced the acquisition of Aviza Insurance Agency. The acquisition expands Inszone’s footprint in Michigan, welcoming a respected, community-rooted agency with deep expertise in farm, agribusiness, commercial, personal lines, and benefits into the Inszone network. Founded in 1966 …
  
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• Florida, Hit by Obamacare Drop-Off, Feels the Squeeze of Health Care Costs

  28-08-2026 16:45 via insurancejournal.com
  
  Florida chef Elijah Button was chopping onions in June when his knife slipped and sliced his middle finger to the bone. It was his worst kitchen accident to date. But having given up his Affordable Care Act health insurance plan …
  
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